What is the primary function of a gold exchange in India? Option: "To regulate gold prices and ensure uniformity across regions", "To eliminate the need for physical gold ownership", "To facilitate spot trading of gold, similar to stocks or securities", "To promote gold as a primary investment vehicle over stocks"

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What is the primary function of a gold exchange in India?

"To regulate gold prices and ensure uniformity across regions"

"To eliminate the need for physical gold ownership"

"To facilitate spot trading of gold, similar to stocks or securities"

"To promote gold as a primary investment vehicle over stocks"

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According to experts, what potential impact could gold exchanges have on gold prices in India?

"Gold prices may become more volatile due to speculation in the market"

"Gold prices are expected to align with international markets like the London Bullion Market"

"Gold prices could stabilize as India gains control over its own pricing"

"Gold prices are likely to increase due to increased demand"

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What is the primary function of the Bombay Stock Exchange (BSE)?

Regulating banking operations

Overseeing foreign exchange transactions

Managing government bonds

Facilitating the trade of securities

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What is the primary reason for the disparity in gold spot prices between the US and India?

Import duties and taxes

Trading volumes

Currency exchange rates

Gold purity standards

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What is a key characteristic of Gold ETFs?

They are physical gold coins

They guarantee high returns

They are only traded privately

They track the price of gold

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What is a key difference between Gold ETFs and physical gold?

"Gold ETFs are primarily purchased for auspicious occasions, while physical gold is for daily wear.

"Gold ETFs are subject to market fluctuations, while physical gold prices remain stable."

"Gold ETFs are considered a safer investment option compared to physical gold."

"Gold ETFs are traded on stock exchanges, while physical gold is not."